Boral Consolidates Monierlifetile Stake

Sydney-based Boral Ltd. has acquired the remaining 50 percent of its U.S. concrete roof tile business, MonierLifetile, in a $75 million transaction with

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Sydney-based Boral Ltd. has acquired the remaining 50 percent of its U.S. concrete roof tile business, MonierLifetile, in a $75 million transaction with Monier Group. A German entity, the latter acquired the MonierLifetile interest from Paris-based Lafarge Group and PAI Partners in 2009.

The company has also announced the Boral Production System, a structured process aimed at leaner culture and discipline across the enterprise, irrespective of geographic location, coupled with a range of new products for 2011. We will benefit from the focus on our core activities providing a clearer vision of the potential for organic growth and inter-divisional collaboration as market conditions improve, affirms Boral Chief Executive Mark Selway.

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